Confirming you are not from the U.S. or the Philippines

By giving this statement, I explicitly declare and confirm that:
  • I am not a U.S. citizen or resident
  • I am not a resident of the Philippines
  • I do not directly or indirectly own more than 10% of shares/voting rights/interest of the U.S. residents and/or do not control U.S. citizens or residents by other means
  • I am not under the direct or indirect ownership of more than 10% of shares/voting rights/interest and/or under the control of U.S. citizen or resident exercised by other means
  • I am not affiliated with U.S. citizens or residents in terms of Section 1504(a) of FATCA
  • I am aware of my liability for making a false declaration.
For the purposes of this statement, all U.S. dependent countries and territories are equalled to the main territory of the USA. I accept full responsibility for the accuracy of this declaration and commit to personally address and resolve any claims or issues that may arise from a breach of this statement.
We are dedicated to your privacy and the security of your personal information. We only collect emails to provide special offers and important information about our products and services. By submitting your email address, you agree to receive such letters from us. If you want to unsubscribe or have any questions or concerns, write to our Customer Support.
Octa trading broker
Open trading account
Back

China exempts some US imports from extra tariffs – ING

Iris Pang, economist at ING, points out that China's State Council has exempted some tariffs on US goods and the 16 items exempted from the additional 25% tariffs are mostly lubricants and fodder.

Key Quotes

“China is not the first to offer exemptions during this trade war.”

“The US also exempted 110 imported Chinese products from tariffs back in July. Most of these included medical equipment and parts, which are high-value products.”

“If exemptions are viewed as a form of concession, then the US has given more.”

“The exemption could be seen as a gesture of sincerity towards the US ahead of negotiations in October but is probably more a means of supporting the economy.”

“There are still many uncertainties in the coming trade talks. An exemption list of just 16 items will not change China's stance. We believe that China will stand very firm in the negotiations, which will be similar to the last round of talks.”

“Our house view is that the two countries are unlikely to reach a deal this year.”

Germany: Finance minister plays down the need for extra fiscal stimulus – ABN AMRO

According to reports in the German press, Germany’s finance minister Olaf Scholz has stated that Germany was prepared and able to counter an economic
Read more Previous

EUR/USD technical analysis: Slips below 100-hour SMA, bears challenge symmetrical triangle support

The EUR/USD pair has been oscillating between two converging trend-lines over the past one week or so, forming a symmetrical triangle on hourly charts
Read more Next